logo
logo
Curve
List of the largest SaaS companies in Toronto, Canada

Top SaaS Companies in Toronto

These are the top SaaS companies in Toronto, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Toronto by featuring these 358 companies with combined revenues of $5.8B.

Together, Toronto SaaS companies employ over 20K employees, have raised $3.5B capital, and serve over 517M customers around the world.

Divider

Highlights

01
$4B
$49M
125K
243
1997
Canada
02
N
Njoyn

Talent Management Software

An applicant tracking system hosted, developed and supported in Canada. Njoyn is a leading ATS that automates and simplifies your recruitment processes.

$250M
-
-
1K
2001
Canada
03
LO
LoyaltyOne

Advertising Software

LoyaltyOne, Inc. is a global provider of loyalty marketing and programs to enterprises in the retail, financial services

$202M
-
1K
3K
1991
Canada
04
1P
1Password

Security Software

Developer of password management software designed to save and remember passwords. The company's platform allows users to maintain strong credentials, manage access to services and report on usage and also provides private, secure and user-friendly password management, thereby helping businesses prevent breaches and reclaim time spent guessing or resetting passwords.

$120M
$920M
90K
472
2005
Canada
05
V
Venasolutions

Erp Software

With powerful and intuitive FP&A software, Vena redefines how companies manage their budgeting, planning and revenue forecasting.

$60M
$476M
900
450
2011
Canada
06
M
Maropost

CRM and Related Software

Maropost makes powerful, easy-to-use, enterprise-grade software solutions to help you scale your sales and marketing while staying lean.

$60M
$87M
5K
305
2011
Canada
07
F
Freshbooks

Erp Software

The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.

$55M
$207M
305K
429
2004
Canada
08
SS
Sigma Systems

Telecommunications

Developer of idea-to-install products for communication, media and high tech companies. The company provides a software product portfolio which is available through the cloud or on-premise. The company's product portfolio covers cloud brokerage, product & service catalogs, configure price quote, order management, service provisioning and inventory & device management.

$55M
-
190M
282
1996
Brazil
09
IT
Intelex-Technologies

Healthcare Software

Intelex cloud-based software manages environment, health & safety, quality and suppliers for regulatory compliance, and streamline ISO initiatives

$41M
$132M
4M
452
1992
Canada
10
Q
Q4

CRM and Related Software

Q4 is a SaaS platform that provides advanced communication and intelligence solutions to investor relations officers and the C-suite of public companies. With the goal of improving the effectiveness of investor relations through innovative, forward-thinking website solutions, the Q4 team designed an alternative approach to IR websites that put storytelling first and emphasized intuitive corporate reporting. Q4 is a trusted partner to over 2,200 of the world’s largest brands. Q4’s comprehensive portfolio of IR communications, intelligence and corporate access solutions, supported by an industry-leading customer experience model, empower customers to build impactful and strategic IR programs

$39M
$65M
225M
435
2006
Canada
1 - 10 of 356Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.